New Development Bank says approves six new projects

Reuters Staff

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SHANGHAI, May 28 (Reuters) - The New Development Bank set up by the BRICS group of major emerging economies said on Monday that it has approved six new projects that take its loan book to $5.1 billion.

The bank, set up in 2015, made the announcement at its annual meeting in Shanghai. (Reporting by Brenda Goh Writing by John Ruwitch)